New Delhi, July 17 -- The Appointments Committee of the Cabinet has approved the appointment of Nitin Gupta, a retired Indian Revenue Service (IRS) officer, as the Chairperson of the National Financial Reporting Authority (NFRA), according to an official notification issued on Thursday.

Gupta, who belongs to the 1986 batch of the Indian Revenue Service (Income Tax), previously served as Chairperson of the Central Board of Direct Taxes (CBDT) before superannuation. His term at NFRA will be for a period of three years or until he attains the age of 65, whichever is earlier.

The NFRA, established in 2018, is India's independent regulator for the auditing profession. India. It oversees auditors of listed entities and large unlisted companie...